Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1162%/8h= −127.2% APRpaid last 24h −0.626%

Price spread now: Bitget against Kraken Futures+0.139%48s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$361as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$990.990% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−2.623%−$262 on $10k

Price spread, last 4 days (all we have)+0.286%+$29 · spread now +0.139%, 7d avg −0.006%

Together, before fees−2.337%−$234 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.145% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.139% now, against its 7-day average of −0.006%): +$15 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 10 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_US100USD	30,448.5	0.1162	pay 0.0145% / 1h	6m 37s	$141K	$128K	20x
Short	Bitget NDX100USDT	30,491	0	get 0.0000% / 8h	6m 37s	$3.5M	$630K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BitgetbpOrdersPrice spread, now +0.139%Rate

Funding earned: −$244.01
Price spread: +0.139% → −0.006%: $14.52
Slippage, 4 orders: −$77.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$328.51
Costs to cover: 0.990%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 31 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 31 min ago	15.24 bp	23.1 bp −$23	55.2 bp −$552	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.46 bp	20.7 bp −$21	22.1 bp −$221	28.8 bp −$2,876	doesn't fit

NAS100 on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NAS100_USDC	−0.0282%	8h	30,460.7	+0.040%	$101K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,429.3	−0.063%	$2.0M	$3.3M	100x	as long as short
MEXC NAS100_USDT	−0.0067%	8h	30,471	+0.074%	$23.0M	$21.2M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,438	−0.035%	$266K	$387K	20x	as long as short
Bitget NDX100USDTshort	0.0000%	8h	30,491	+0.139%	$3.5M	$630K	50x
Bullet US100-USD	0.0000%	1h	30,468	+0.064%	$3K	$91K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,422.9	−0.084%	$1.4M	$196K	10x	as long as short
QFEX US100-USD	0.0000%	1h	30,471	+0.074%	$1.3M	$1.3M	30x	as long as short
Lighter US100	+0.0032%	1h	30,469	+0.067%	$3.9M	$96.8M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,475.4	+0.088%	$1.9M	$5.4M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NDX-USD-PERP	+0.0046%	1h	30,767.5	+1.048%	—	$202.9M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,468.6	+0.066%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,472	+0.077%	$7.2M	$2.0M	50x	as long as short
Ondo Perps US100-USD.P	+0.0050%	1h	30,469.3	+0.068%	$6.0M	$9.1M	25x	as long as short
Kraken Futures PF_US100USDlong	+0.1162%	1h	30,448.5	long leg	$141K	$128K	20x